The Macro Equities Portfolio is an actively managed portfolio, predominantly invested in Australian equities with emphasis on alpha and risk management. The investment strategy is multi-layered top-down approach, involving quantitative, technical and macroeconomic modelling, underlined by Aro’s unique long term strategy. The focus of the Manager is to mitigate risk while maintaining an above normal return over the long term. The Portfolio will be structured around diversified Australian Shares, Global stocks and, on occasion, selective listed funds and primarily invested in listed securities, with platform-based investments if required. The Manager is comfortable to hold cash or interest-bearing securities for sustained periods, dictated by the long term strategy. Aro uses a top-down approach, with a focus on economic cycles and relationships between companies, industries and global markets. The portfolio at times may be invested across both growth and defensive asset classes.